Economy News

Economy

US Chamber of Commerce Urges Trump Administration for Immediate Tariff Exclusions to Protect Small Businesses

The US Chamber of Commerce calls on the Trump administration to quickly establish a tariff exclusion process to prevent recession and protect small businesses from irreparable harm...

Economy

Surprising Spike in US Jobless Claims: An 18,000 Increase to 241,000 Signals Economic Shifts

The US saw an unexpected rise in initial jobless claims by 18,000 to 241,000, exceeding forecasts. The four-week moving average and insured unemployment rate also increased, indica...

Economy

US Chamber of Commerce Urges Trump Administration for Immediate Tariff Exclusion to Protect Small Businesses

The US Chamber of Commerce urges the Trump administration to quickly establish a tariff exclusion process to protect small businesses and prevent economic recession, highlighting t...

Economy

UK Manufacturing Sector Struggles in April Amid Global Trade Tensions and Rising Costs

The UK manufacturing sector remained under pressure in April, with declines in output, new orders, and employment. Export demand fell sharply, impacted by global trade tensions and...

Economy

Janet Yellen Warns: Trump's Trade Tariffs Could Push US Economy Towards Recession

Former US Treasury Secretary Janet Yellen warns that President Trump's trade tariffs could severely impact the US economy, potentially leading to a recession by straining businesse...

Economy

US Treasury Secretary Bessent Calls for Strategic De-escalation of Tariffs with China Amid Economic Slowdown

US Treasury Secretary Scott Bessent emphasizes the need for tariff de-escalation with China, citing economic slowdowns and the importance of revisiting the phase one trade deal to ...

Economy

April Sees a Dramatic 62% Drop in US Job Cuts to 105,441, What's Behind the Shift?

April witnessed a 62% drop in US job cuts to 105,441, with technology, media, and healthcare sectors most affected. Government cuts surged by 680%, largely due to DOGE-related meas...

Economy

April Sees Dramatic 62% Drop in US Job Cuts to 105,441, Technology Sector Hit Hardest

April saw a 62% decrease in US job cuts to 105,441, with technology companies leading the reductions. Government cuts surged by 680% this year, largely due to DOGE-related savings....